Palantir Technologies Inc. $PLTR Holdings Trimmed by State of Michigan Retirement System

State of Michigan Retirement System reduced its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 895,100 shares of the company’s stock after selling 43,300 shares during the quarter. Palantir Technologies accounts for 0.8% of State of Michigan Retirement System’s investment portfolio, making the stock its 18th biggest holding. State of Michigan Retirement System’s holdings in Palantir Technologies were worth $163,284,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of PLTR. Financial Consulate Inc. acquired a new stake in Palantir Technologies during the 3rd quarter worth about $30,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Palantir Technologies in the third quarter worth approximately $31,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Palantir Technologies in the third quarter worth approximately $32,000. Marquette Asset Management LLC acquired a new stake in shares of Palantir Technologies during the third quarter worth approximately $34,000. Finally, Millstone Evans Group LLC grew its position in Palantir Technologies by 98.0% during the third quarter. Millstone Evans Group LLC now owns 198 shares of the company’s stock valued at $36,000 after purchasing an additional 98 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of research analyst reports. The Goldman Sachs Group cut their target price on shares of Palantir Technologies from $188.00 to $182.00 in a research report on Tuesday. Northland Securities upgraded Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a report on Tuesday. Jefferies Financial Group set a $208.00 price objective on Palantir Technologies in a research report on Thursday, January 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Palantir Technologies in a research report on Tuesday. Finally, Morgan Stanley lifted their price target on Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a report on Tuesday, November 4th. Eleven equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and a consensus price target of $191.95.

More Palantir Technologies News

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Blowout Q4 results: Palantir reported ~ $1.4B revenue (+70% YoY), beat EPS, showed huge U.S. commercial growth and stronger margins — the core fundamental catalyst that pushed upgrades and buying interest. Analysts Boost Targets After Earnings Blowout
• Positive Sentiment: Analyst upgrades and higher targets: Multiple shops (HSBC, Deutsche Bank, Northland, others) raised ratings/targets after Q4, providing short‑term momentum and institutional interest. HSBC Upgrades PLTR to Buy
• Neutral Sentiment: Research firms raising near‑term estimates: Northland and others lifted quarterly/annual EPS and issued Outperform/price‑target notes — helpful for modeling but not unanimous buy confirmation. Northland Raises Estimates
• Neutral Sentiment: Commercial partnerships expanding reach: New Cognizant partnership to embed Palantir Foundry/AIP into healthcare and enterprise operations — supports longer‑term commercial adoption but uncertain near‑term revenue impact. Cognizant Partnership
• Neutral Sentiment: Minor insider selling disclosed (director sales) — small in dollar terms but worth monitoring for ownership trends. Insider Sale Filing
• Negative Sentiment: Valuation concerns: Despite strong growth, commentators and some sell‑side analysts warn PLTR trades at very rich multiples (high P/E, P/S), leaving the stock vulnerable to multiple compression. Valuation Concerns Weigh
• Negative Sentiment: Target trims and downgrades: A few shops pared targets or trimmed outlooks (e.g., DA Davidson), adding near‑term selling pressure despite the beat. Price Target Lowered to $180
• Negative Sentiment: Sector rotation / AI selloff: Broader tech and AI weakness has pulled high‑beta winners lower and can offset company‑specific positive news during risk‑off moves. AI Worries Slam Tech Stocks

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $135.90 on Friday. The business’s 50-day simple moving average is $173.84 and its 200-day simple moving average is $173.08. Palantir Technologies Inc. has a 52 week low of $66.12 and a 52 week high of $207.52. The firm has a market cap of $323.91 billion, a price-to-earnings ratio of 215.72, a P/E/G ratio of 2.50 and a beta of 1.64.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The company’s revenue for the quarter was up 70.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 EPS. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Ryan D. Taylor sold 12,000 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $181.35, for a total transaction of $2,176,200.00. Following the completion of the transaction, the insider owned 239,409 shares of the company’s stock, valued at $43,416,822.15. The trade was a 4.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Glazer sold 9,000 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $185.91, for a total transaction of $1,673,190.00. Following the sale, the insider owned 413,639 shares of the company’s stock, valued at $76,899,626.49. This trade represents a 2.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,023,844 shares of company stock valued at $167,455,085 in the last three months. Company insiders own 9.23% of the company’s stock.

Palantir Technologies Company Profile

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.